ProShares Hedge Replication ETF (NYSEARCA:HDG – Get Free Report) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 6,259 shares, an increase of 1,441.6% from the April 15th total of 406 shares. Based on an average daily trading volume, of 1,407 shares, the days-to-cover ratio is presently 4.4 days. Approximately 1.5% of the company’s shares are short sold.
Institutional Trading of ProShares Hedge Replication ETF
Several institutional investors and hedge funds have recently made changes to their positions in HDG. Allworth Financial LP bought a new stake in shares of ProShares Hedge Replication ETF during the 4th quarter valued at $29,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of ProShares Hedge Replication ETF during the 1st quarter valued at $32,000. First PREMIER Bank raised its position in shares of ProShares Hedge Replication ETF by 94.9% during the 4th quarter. First PREMIER Bank now owns 2,286 shares of the company’s stock valued at $118,000 after acquiring an additional 1,113 shares during the last quarter. National Bank of Canada FI raised its position in shares of ProShares Hedge Replication ETF by 8.0% during the 3rd quarter. National Bank of Canada FI now owns 7,046 shares of the company’s stock valued at $359,000 after acquiring an additional 519 shares during the last quarter. Finally, Hyundai Investments Co. Ltd. bought a new stake in shares of ProShares Hedge Replication ETF during the 4th quarter valued at $414,000.
ProShares Hedge Replication ETF Stock Up 0.3%
NYSEARCA:HDG traded up $0.18 during trading hours on Wednesday, hitting $54.07. 779 shares of the stock were exchanged, compared to its average volume of 1,936. The company’s 50 day moving average is $52.51 and its two-hundred day moving average is $52.19. ProShares Hedge Replication ETF has a twelve month low of $48.82 and a twelve month high of $54.43. The company has a market capitalization of $22.17 million, a P/E ratio of 17.30 and a beta of 0.32.
About ProShares Hedge Replication ETF
The ProShares Hedge Replication ETF (HDG) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund tracks an index that uses long and short exposure to equity, Treasury and currency indexes, and individual securities to mimic the returns of a broad hedge fund index. HDG was launched on Jul 12, 2011 and is managed by ProShares.
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